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Filene's Basement scrambles for cash

Bankruptcy possible as vendors pressure retailer for payment

Filene's Basement has been struggling to revamp its image in recent years, including trying to stock more upscale merchandise. But the bargain retailer has been hurt by increasing competition from discounters such as Target. Filene's Basement has been struggling to revamp its image in recent years, including trying to stock more upscale merchandise. But the bargain retailer has been hurt by increasing competition from discounters such as Target. (Photos by George Rizer/Globe Staff/File 2006)
By Jenn Abelson
Globe Staff / April 2, 2009

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Filene's Basement , the famed Boston bargain merchant, is looking for money to pacify vendors who are threatening to push the company into bankruptcy because they have not been paid for months. (Full article: 619 words)

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